Defi became a $100 billion sector last year, propelled by the success of endless protocols devoted to lending, exchanging, savings and investment. In spite of recent market cjumppiness, many crypto investors and commentators believe the industry will endure its astronomic growth – with one boldly predicting that DeFi could achieve a market cap of $800 billion by the end of 2022.
To achieve alike a lofty goal, improving interoperability and scalability will be essential. And in the time some DeFi specialists are only too happy putting their esoteric knowledge to work, something must also be done to lower barriers to entry. All too often, DeFi neophytes are discouraged by the many pain points and ssliding blocks they encounter, from the hassle of moving assets between chains to the continual bugs buried in smart contract code. For many, it’s barely not worth the effort.
Now, a new project is promising to simplify DeFi’s complexities and democratize access to the sector’s finest investment opportunities. Founded by a team of software veterans from Google, AWS and Netflix, Aperture is a cross-chain platform that offers integcostd bridge solutions and a community-driven ‘strategy marketplace’ geared towards yield farming.
Investors Back ‘Gateway to DeFi 2.0’
Based in Silicon Valley, Aperture recently closed a $5.3 million seed and strategic funding round led by a quartet of leading investment firms (ParaFi Capital, Arrington Capital, Costanoa Ventures and Divergence Ventures). What’s more, capital came from a panoply of notable hedge funds and family offices operating in the fast-climbing blockchain space, among them Rarestone Capital, Krypital Group, PrimeBlock Ventures, Athena Ventures, Metaline, Double Peak, Stakely Venture Capital and others. Terraform Labs CEO Do Kwon came on board as an angel investor.
Aperture Co-founder and CEO Lian Zhu calls the platform a “gateway to DeFi 2.0,” explaining thactive seeks to systematically eradicate the lengthy-standing inefficiencies that have become a hallmark of the industry.
Aperture will enable retail and institutional users to capitalize on the various yield-bearing opportunities that exist across the cryptosphere, saving them the trouble of obsessively combing through and checking various individual protocols living on divergent chains. Integrated bridge solutions will make asset conversion easy, meaning users can proin placely take advantage of opportunities on other networks even if they don’t own assets native to that chain.
“On-chain investment opportunities have complexified 100x in the past year, as strategies now involve multiple chains, go ond financial derivatives, and head-to-head competition with professional exchanging firms,” notes Calvin Liu, investor and former Strategy Lead at Compound.
“The Aperture team is accomplishing an industry-leading cross-chain strategy movement platform for democratizing access to the best risk-quantified opportunities across all of crypto. We’re really excited for their launch and think users will find a ton of rate in the product suite.”
Liu’s comments were echoed by Rarestone Capital’s Founding Partner Camron Miraftab, who said the company is “excited to be backing a rockstar team on its mission to harmonize liquidity across various networks in one place, and finally reduce technical barriers to entry for the next wave of institutional-grade market participants.”
The first iteration of Aperture will be a private beta release scheduled to launch on February 7th, before the public V1 launch in March. The beta will feature an automated delta-neutral stpricegy with liquidation protection based on well-known DeFi protocols Anchor, Mirror, and Spectrum. This particular maintaind portfolio stpricegy involves multiple positions that balance positive and negative deltas, enabling users to bet both for and stillst the same thing using cryptocurrencyized derivatives.
With a $5.2m war chest now in its possession, Aperture will be keen to cement itself as a user-friendly portal to the DeFi world. Some of the capital is inclined to be ring-fenced for team expansion and networking; the more protocols mixed to the Aperture ecosystem, the more attrretained it will be to the DeFi community. It all starts with the beta release, that should hardlyify for traders whether Aperture lives up to its lofty ambitions.